Data culled from China’s most-used search engine, biggest online outlet and main bank-card network are signaling stabilization in the nation’s economy.
Three alternative indicators suggest less of a deceleration in the world’s second-largest economy, and reduced risk of a hard landing. That was also the conclusion of a private survey released this week showing little danger of economic collapse after the stock-market plunge and currency devaluation.
* Rebounds at smaller businesses
Online interest in small- and medium-sized enterprises is seeing a rebound in September after recently falling to the lowest level since 2010, according to a preliminary reading of an index developed by Beijing-based Baidu Inc., which handles more than 6 billion searches a day.
Baidu tracks how often users click links to smaller companies. “Internet users’ search requests can reflect the market demand, and indicate the state of the businesses,” the company said in an e-mailed response to Bloomberg News.
The preliminary reading is released on the 18th of each month, usually earlier than the the flash reading of the Caixin China Manufacturing Purchasing Managers’ Index, which is often the first economic indicator released for each month.
* Rising prices in Alibaba shopping carts
Consumer-price inflation has picked up amid gains in food prices while a three-year streak of factory-gate deflation deepens. An index developed by Alibaba Group Holding Ltd., China’s largest e-commerce company, shows consumer prices quickening more than the government’s official reading.
Prices for all goods sold online rose 7.4% in August, as an index developed by the Hangzhou-based company’s research arm shows.
Among 10 categories of goods Alibaba tracks, prices for a group that includes collectibles and financial services rose 14.1% from a year earlier, while the category for entertainment and education increased 13.7%. Food was 13.1% more expensive compared to a year earlier.
Still, there were some signs of deflation. Another indicator tracking a fixed basket of about 100,000 products showed prices for consumer staples fell compared with a year earlier, due mostly to cheaper clothing.
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Three alternative indicators suggest less of a deceleration in the world’s second-largest economy, and reduced risk of a hard landing. That was also the conclusion of a private survey released this week showing little danger of economic collapse after the stock-market plunge and currency devaluation.
* Rebounds at smaller businesses
Online interest in small- and medium-sized enterprises is seeing a rebound in September after recently falling to the lowest level since 2010, according to a preliminary reading of an index developed by Beijing-based Baidu Inc., which handles more than 6 billion searches a day.
Baidu tracks how often users click links to smaller companies. “Internet users’ search requests can reflect the market demand, and indicate the state of the businesses,” the company said in an e-mailed response to Bloomberg News.
The preliminary reading is released on the 18th of each month, usually earlier than the the flash reading of the Caixin China Manufacturing Purchasing Managers’ Index, which is often the first economic indicator released for each month.
* Rising prices in Alibaba shopping carts
Consumer-price inflation has picked up amid gains in food prices while a three-year streak of factory-gate deflation deepens. An index developed by Alibaba Group Holding Ltd., China’s largest e-commerce company, shows consumer prices quickening more than the government’s official reading.
Prices for all goods sold online rose 7.4% in August, as an index developed by the Hangzhou-based company’s research arm shows.
Among 10 categories of goods Alibaba tracks, prices for a group that includes collectibles and financial services rose 14.1% from a year earlier, while the category for entertainment and education increased 13.7%. Food was 13.1% more expensive compared to a year earlier.
Still, there were some signs of deflation. Another indicator tracking a fixed basket of about 100,000 products showed prices for consumer staples fell compared with a year earlier, due mostly to cheaper clothing.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
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